Figure 35-9

question 22

Multiple Choice

Figure 35-9. The left-hand graph shows a short-run aggregate-supply SRAS) curve and two aggregate-demand AD) curves. On the right-hand diagram, "Inf Rate" means "Inflation Rate."
-Refer to Figure 35-9. Which of the following events could explain the shift of the aggregate-supply curve from AS1 to AS2?

• A) a reduction in firms' costs of production
• B) a reduction in taxes on consumers
• C) an increase in the price level
• D) an increase in the world price of oil

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Definitions:

Apgar Scores

A quick test performed on a newborn at 1 and 5 minutes after birth assessing five basic criteria to evaluate the baby's physical condition.

U.S. Newborns

Infants born in the United States, emphasizing demographic, health, or statistical studies relevant to this specific population.

Decline

A gradual decrease in quality, quantity, or significance.

Symbolic Communication

The use of symbols, such as language, pictures, or gestures, to convey meaning or exchange information among individuals.